News
WTW: U,S. Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%
Broker WTW said commercial lines insurance increased overall by an average of 6.3 percent during the first quarter. Quarterly price increases have been about 6 percent since the global pandemic, WTW ...
R&Q: Financial Instability Could Lead to Liquidation
R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the "company's stability as a business" and ultimately lead to liquidation. In a June 13 ...
Young Employees Are Increasingly Struggling at Work, While Older Workers Fare Better
Younger employees are reporting more struggles at work, while older colleagues are doing better, according to a recent study. Only 31 percent of workers younger than 35 said they were thriving at ...
Internships Are Drying Up, Especially in Tech and Finance
Companies are hiring fewer interns this summer, and that's cranked up competition among college students and new graduates for a crucial entry point into the workforce. The total number of ...
Analysis: U.S. P/C Industry’s $21.1B Underwriting Losses for 2023
The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces as a result of natural catastrophes and ...
Contractors or Employees? Amazon Drivers File Claims for Unpaid Wages
Thousands of delivery drivers filed legal claims against Amazon on Tuesday, alleging the company's classification of them as independent contractors instead of employees has led to unpaid wages and ...
Most U.S. Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey
More than 60 percent of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by ...
SpaceX Sued by Engineers Fired After Accusing Elon Musk of Sexism
Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against ...